Islamabad (TDI): A US-based company specializing in minerals exploration and development has shown strong interest in investing in Pakistan’s mining sector.
The firm is considering technical collaborations, knowledge-sharing initiatives, and feasibility studies to evaluate potential projects alongside local partners, Dawn reported.
Nova Minerals, listed on both the Nasdaq and ASX, focuses on gold, antimony, and other critical minerals. Its delegation, led by CEO Christopher Gerteisen, met with Minister for Board of Investment Qaiser Ahmed Sheikh on Thursday. The group expressed particular interest in antimony and rare earth minerals.
Speaking about Pakistan’s mineral potential, the delegation highlighted the country’s geological diversity, along with recent policy reforms and government support, as key factors making it an attractive destination for long-term investment.
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Minister Qaiser Sheikh welcomed Nova Minerals’ interest and emphasized the government’s commitment to promoting responsible, technology-driven projects that ensure sustainability and local value addition. He noted that such ventures could create a supportive ecosystem for further foreign investment in Pakistan’s mining industry.
The minister also stressed that Prime Minister Shehbaz Sharif strongly encourages foreign investment and joint ventures, recognizing them as important drivers of economic growth and modernization. He praised international partners and the business community for fostering confidence in Pakistan’s investment climate.
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During the meeting, Qaiser Sheikh highlighted the country’s largely untapped mineral resources and emphasized promising opportunities in exploration and processing of high-value minerals. He added that foreign investment in the mining sector would not only unlock Pakistan’s natural resources but also strengthen bilateral economic relations, encourage technology transfer, and provide avenues for skill development and higher education exchanges for Pakistani professionals and students.
